Audit the FED

H.R. 1496: Federal Reserve Transparency Act of 2011

April 12, 2011 - Introduced in House. This is the original text of the bill as it was written by its sponsor and submitted to the House for consideration. (view above link)

To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.

This bill is in the first step in the legislative process. Introduced bills and resolutions first go to committees that deliberate, investigate, and revise them before they go to general debate. The majority of bills and resolutions never make it out of committee. Also known as S. 202

Originally supported with 336 Co-Sponsors

in the U.S. House then gutted out

in the U.S. Senate. It is being revisited again.

Support this critical piece of Legislation.

"I believe that banking institutions are more dangerous to our liberties

than standing armies. If American people ever allow private banks

to control the issue of their currency, first by inflation, then by deflation,

the banks and corporations that will grow up around [the banks] will

deprive the people of all property until their children wake up homeless

on the continent their fathers conquered, the issuing power should be

taken from the banks and restored to the people,

to whom it properly belongs".

Thomas Jefferson, in a letter to the

Secretary of the Treasury, Albert Gallatin. (1802)